Virtex was Bitcoin and Litecoin exchange based in Lithuania that will open soon. Inspired by the booming cryptocurrency industry and its revolutionary technology, CEO Paulius Meskauskas, CMO Tomas Andzelis, CRO Mantas Gustys and a team of over 20 other people will be launching their project in the city of Kaunas, the technological and economic center of Lithuania.
In a world of uncertainty, Virtex aims to be strong and open on its dealings, learning from the failures of other exchanges. They will operate on a 100% liquid basis. Live chat is also available for customers 8 hours per day, 5 days per week, and this customer service offering could be extended to 24/7 if there is high demand during off hours.
The exchange was opened on July 23, 2014.
Users of Virtex will also be using a Bitcoin trading platform with world-class security features. Secure Sockets Layered technology is used to protect the privacy and security of each individual account, and cold storage wallets are used to keep the majority of funds unavailable to potential hackers. All customer data is stored on dedicated servers that are scanned periodically for suspicious activity, and the integrity of the entire exchange is also monitored by a third party company on a continual basis.
What’s also great is that Virtex will offer many trading options when they open: Users will be able to use the Virtex platform for USD, EUR, NZD, AUD, GBP, CNY, BTC, and LTC. Users will also have a number of funding and withdrawal options such as OKPAY, AstroPay, and KADU Collect which will be available at launch. Virtex has plans to expand to more in the future.
Virtex operates a model, which at a fundamental level is similar to those that have seen success under the most well-known market operators. The user experience is streamlined to combine ease of access, flexibility and reliability for both trading and related activities. Registration can be initiated solely via inputting an email address, whereupon a one-time username and password is generated and sent as a confirmation to the address. Signing in using these credentials opens an account, whereupon the password should be changed and further details added. Company CEO, Mantas Gustys explains:
"Virtex operates a verification process similar to most of the major operators, requiring government- issued document copies to be submitted before fiat operations may be attempted. We allow users to deposit/withdraw and trade without verification, though there are certain limits in place. We wouldn't want to concentrate on this though, because we are going to change the limits. This is still a beta system that we are going to change, so we don't need any extra attention on it at the moment.”